Bill Title: Proposes to amend the Finance Article of the Illinois Constitution. Limits aggregate appropriations and transfers from the State's general funds in a fiscal year to the aggregate appropriations and transfers in the previous fiscal year, as adjusted by the 5-year average annual change in per capita personal income. Allows the Governor to declare a fiscal emergency and the General Assembly, by a three-fifths vote, to exceed the limitation. Requires excess revenues to be deposited into budget stabilization funds, and allows certain excess funds to be refunded. Effective upon being declared adopted.
Spectrum: Partisan Bill (Democrat 14-0)
Status: (Introduced - Dead) 2010-05-02 - Tabled Pursuant to Rule 46
[HJRCA0037 Detail]
Bill Drafts
| Revision | Date | Format | Source | View |
|---|
| Introduced | Not Avail | HTML/Text | Link | View |
Amendments
| Amendment | Date | Disposition | Format | Source | View |
|---|
| No bill amendments currently on file for Illinois HJRCA0037 |
Supplemental Documents
| Title | Description | Date | Format | Source | View |
|---|
| No supplemental documents for Illinois HJRCA0037 currently on file. |
Social Comments on IL HJRCA0037
